5 Reasons Apple's Stock Is in Secular Decline: The Street

NEW YORK (TheStreet) -- Apple's conference call Tuesday has clarified the panorama: Apple stock is headed to $350 and will probably penetrate below that level before finally stabilizing.

Even after the stock stabilizes somewhere at or below $350 the stock is likely to be dead money for a long time, probably trading between a range of $315 and $475 for several years unless and until it introduces another major blockbuster product that can reverse the company's long-term forecasted secular decline in earnings.

There are five reasons why Apple will fall likely fall much further before it finally stabilizes: